SOURCE: BDC Advisors

BDC Advisors

March 23, 2015 12:38 ET

BDC Advisors Questions the Launching of 1,000 Ships and Urges Focused Healthcare Transformation Strategy

National Healthcare Consulting Firm Highlights Focusing More on Growth and Alignment of Programs That Create Value for Consumer

MIAMI, FL--(Marketwired - March 23, 2015) - In a BDC Insights, "Launching 1,000 Ships? Time to Refocus Your Strategy on Creating Value" released today by BDC Advisors, David Anderson and Steve Weylandt, firm Managing Directors, write the market transition from a volume-based to a value-based, consumer-oriented model has caused provider systems to "launch 1,000 ships" in response to the new market complexities.

"A successful transformation strategy means focusing more on the growth and alignment of programs to create value for the consumer. Learning to rapidly launch new business initiatives, while being unsentimental about cutting programs that have outlived their usefulness, a strategy the Harvard Business Review describes as creating the 'transient advantage,' is key," said Anderson and Weylandt.

Based on the firm's experience working with clients in several advanced markets across the country, the paper identifies 5 key requirements needed when building a healthcare business based on transient advantage. They are:

  1. Picking the right arenas for investment
  1. Choosing champions wisely
  1. Setting up champions for success
  1. Making small initial investments and conditions future money on success
  1. Develop a sponsorship culture

"Future success requires health systems to rapidly cycle through the planning and development of new programs, and to manage a pipeline of initiatives to meet market demands, some short lived," Anderson and Weylandt continued. "Launching 1,000 ships in today's marketplace requires strategic focus, a culture that encourages innovation and effective execution."

Learn more about this topic by downloading the full article here.

BDC Advisors is a national healthcare consulting firm headquartered in Miami, which specializes in strategic business planning and business diversification for large integrated healthcare delivery systems, academic medical centers, and managed care organizations. For more information visit Follow us on Twitter @BDCAdvisors.

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